$ETH

According to market data from April 8, 2025, Ethereum (ETH) is currently experiencing a downward trend, with the current price around $1,485. The early morning rebound encountered resistance at the key pressure level of $1,520. Technical indicators show that the MACD on the daily chart continues to weaken with a death cross, the lower Bollinger Band is opening, moving averages are in a bearish alignment, and the ETH/BTC exchange rate has dropped to a historic low of 0.0186, further suppressing the price. Attention should be focused on the support zone of $1,420-$1,400; if broken, it may trigger liquidation of staking positions and accelerate the decline to $1,380 or even deeper (such as the $1,200 area). Despite the strong market panic and the risk of programmed selling, historical data suggests that the current price break may be nearing a long-term bottom. Coupled with the expectations for the May Pectra upgrade, this could provide an opportunity for left-side traders to position themselves. It is recommended to focus on shorting on rebounds in the short term, paying attention to shorting signals in the resistance range of $1,520-$1,550.